RNS Number:1249E
Renault Credit International SA Ban
23 May 2001


RE: RENAULT CREDIT INTERNATIONAL  
    FRF 300,000,000 SERIES 14 EMTN
    DUE NOVEMBER 2003
    ISIN: XS0092693042

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE 
PERIOD 25MAY01 TO 24AUG01 HAS BEEN FIXED AT 4.695 PCT 

THE COUPON AMOUNT DUE 24AUG01 WILL AMOUNT TO:
FRF 1,186.79 PER FRF 100,000 DENOMINATION.
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON 
TEL:  44 171 508 3857/3855 OR FAX:  44 171 508 3881.


RATEFIX DESK
CITIBANK N.A., LONDON
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